Tata Comm to lay off 300 employees

Tata Communications pink-slipped 300 executives , becoming the latest Tata Groupcompany to slash jobs amid a sluggish global environment. The world's largest wholesale voice carrier cut jobs across functions and geographies to speed up reforms, said a senior executive. 


Tata Communications' total employee strength stood at 7,913 as on September 30, 2012. Of that, 80% was based in India . Its engineering and operations unit employs the bulk (59%), followed by sales, marketing and account management (20%), corporate shared services (13%) and product management (8%). The move at Tata Communications, earlier known as VSNL, tracks the manpower restructuring at Tata Steel, Tata Motors, Tata Capital and Tata Teleservices. The Tata Group is the country's largest private sector employer, led by Tata Consultancy Services with a staff of 2,38,583. 
A Tata Communications spokesperson said that the company has made some organizational changes to align better to the current and future business requirements. These changes involved some positions in India and overseas that became redundant in the process.